Sackman Enterprises, Inc. Announce Development Plans for Cabarete

Miami, Florida (PressExposure) August 25, 2008 -- Cabarete, the sun-soaked beach town in the Dominican Republic, has been on the radar of those in-the-know for years. Now, Sackman, Enterprises, Inc. is set to bring this jewel to a wider market. Conveniently located only 20 minutes from the Puerto Plata International Airport, Cabarete on the northern coast has become the ultimate destination for trend setters, adventure seekers, and those looking for a blissful escape from the everyday. With more than 40 years in the real estate market and an earned reputation of quality in business and development, there is no better or more prepared company to create the first spectacular development in the area than Sackman Enterprises, Inc.

Sackman Enterprises, Inc. began its business by focusing on the restoration of historic brownstones in Manhattan and has continued to thrive by rehabilitating historic buildings and incorporating traditional "Old World" features into new construction properties. Possessing a portfolio of over 80 developments spanning the globe, the company has created truly stunning and unique properties such as Somerset in Turks and Caicos ( and The Lodge at Keyah Grande ( With an attention for detail and a high-regard and respect for the traditions, culture, and preservation of the area, Sackman Enterprises, Inc. is poised to bring The Fountains, a magnificent condominium, retail plaza, and resort community to Cabarete. Sackman Enterprises, Inc. recently held a meeting in Manhattan to showcase some of the real estate developments in their impressive portfolio and discuss this grand project. In a showing of support and interest, the Minister of Tourism from the Dominican Republic and the Governor of the Province of Puerto Plata personally flew up to Manhattan to meet with top Sackman executives, Carter Sackman and Jamie Hefelfinger, as well as Sackman Development Partner, Trip Brooks. The esteemed attendees discussed the project and all of the positive impacts that it will have on the area.

The Fountains will be the realization of over sixteen months of planning and research and a future investment exceeding sixty million dollars (USD $60,000,000.00). Development Partner Trip Brooks states, "With the current administration including President Leonel Fernandez, Minister of Tourism Felix Jiménez, Provincial Governor Cesar de Los Santos, and the Sub Secretary of Tourism Bernardita de Fenke, the government has created a stable atmosphere and positive market in which to develop such a project. We have unwavering confidence in the country's administration. Their show of support and the efforts they took to visit us in New York to ensure that the project and its developers are sound speaks volumes about their care and concern for the area. The Fountains will truly be a result of love for the area and an unmatched expertise in the development of real estate." Expected to break ground Mid-September 2008, The Fountains will feature one, two, and three bedroom units, all with indulgent spa bathrooms, 24-hour concierge service, and a modern chef's kitchen. The Fountains will house a sprawling "Plaza Level" featuring retail shops, a cinema, open air kiosks, sitting areas, exciting water features, and a state of the art stage for outdoor concerts and other entertainment and social events. When fully constructed, the mixed use project will include an approximately 500 space sub-level parking facility, a Condo Hotel, featuring deluxe guest rooms and suites, lobby bar, rooftop terrace and bar, restaurant, a stunning infinity pool and numerous hot tubs with mountain and ocean views.

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Press Release Submitted On: August 15, 2008 at 9:08 am
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